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SCOTTISH EPISCOPAL CHURCH
DIOCESE OF GLASGOW & GALLOWAY ST JOHN THE EVANGELIST CHURCH : GREENOCK
REPORT OF THE VESTRY & ACCOUNTS YEAR ENDED 30 JUNE 2025
Registered in Scotland as a Charity Charity Number $C008299
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_ST JOHN THE EVANGELIST GHURCH : GREENOCK
Contents
| Page | |
|---|---|
| Trustees’ Annual Report | 1-4 |
| ReportoftheIndependentExaminer | 5 |
| StatementofFinancialActivities | 6 |
| StatementofFinancial Activities-Comparative | 7 |
| Balance Sheet | 8 |
| NotestotheFinancialStatements | 9-15 |
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_ ST JOHN THE EVANGELIST CHURCH : GREENOCK
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Trustees’ Annual Report for the year ended 30 June 2025
The Trustees present the annual report and accounts for the Church of St John the Evangelist, Greenock, for the year ended 30 June 2025. The financial statements have been prepared in accordance with the accounting policies set out on page 9 to the accounts and comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities Statement of Recommended Practice.
Objectives and Activities
St John’s Church is a member of the Scottish Episcopal Church which is within the worldwide Anglican Communion. St John’s is a member church of the Diocese of Glasgow and Galloway and in matters spiritual is answerable to the Bishop and Dean.
St John’s is a place of prayer where we share Jesus’ message of love, joy and peace and through many different interest groups, activities and projects strive to put that message into action in our community and the wider world,
Our worship is liturgical and Eucharistic, blending the best of the traditional with the best of the contemporary. We have the potential to cater for all age groups through our créche facilities, Sunday school, Sunday Bible Study sheet for the congregation, occasional study series and pastoral care set up.
Achievements and Performance
As the church is located in area of high social deprivation it endeavours to become involved, by both membership and through donations, with a number of local charities who offer practical help to low-income eamers, the sick and dying, families and individuals requiring support setting up home.
Financial Review
Although the financial position of the Church is sound the level of giving from members is insufficient to meet the regular ongoing commitments of the Church and expenditure is growing faster than income. To that end transfers are made from the endowment fund to cover the shorifall.
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A restoration jund raising team has been and remains active in running events in support of the renovations to the hall and the church.
Use of the church hails by community groups continues to increase and itis hoped that this trend will continue.
Reserves Policy
For many years the church has been dependent on its investment portfolio to allow partial encashments to be made to fund the deficits on our Unrestricted Funds account. While the Trustees are aware of the need to substantially reduce or eliminate the Unrestricted Funds deficits there has been little progress in achieving this objective in recent years and this could over time compromise the church's aim to ensure that the level of reserves remain robust enough to cover all eveniualities including unforeseen one-off capital expenditure.
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Total funds held on 30 June 2025 were £496,693 (2024: £531,369) of which £23,392 (2024: £20,982) were restricted funds.
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ST JOHN THE EVANGELIST CHURCH : GREENOCK
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Trustees’ Annual Report for the year ended 30 June 2025
Plans for future periods
The church continues to support the Bishop's initiatives to formulate a viable strategy for strengthening church mission and growth. St John’s continues with its established worship programme, conducts a lent study series and assesses certain crucial maintenance needs coming to light.
Related Parties
Apart from an obligation to pay Quota to the Diocese there are no material transactions with any other connected or associated body, other than those noted in note 5 to the accounts,
Risk Management
The Vestry (Trustees) take risk management very seriously and in order to keep this issue under regular review PVG is maintained as an agenda item for every meeting; and our PVG Co-ordinator consulted on updating practice.
Property - nominated Vestry members and church members with particular skills together ensure that there is appropriate care and maintenance of the property. They are responsible for making recommendations to Vestry for decisions about the current state of the property to ensure the church is maintained in good condition.
Finance ~ again, nominated Vestry members together with our ex-officio Funds Manager oversee the financial performance of the charity. This includes a regular review of the investment portfolio and preparation of a cashflow which ensures that the charity is solvent.
Structure, Governance and Management
Governing Document
St John's, Greenock, is a member of the Scottish Episcopal Church, part of the worldwide Anglican Communion and subject to the canons of that Church.
The superior authority is the Bishop of Glasgow and Galloway.
The constitution under which the Church is governed was instituted in 2005. A revised and updated constitution was approved and adopted in May 2017.
Recruitment and Appointment of Trustees
The Trustees comprise the Rector and the Vestry membership. Ex-officio church members assist in advising the Trustees on financial and property issues as necessary. Every Annual General Meeting, as openings io Vestry membership emerge, new appointments are made (elected where necessary); the Accounts adopted, and the Independent Examiner for the church Accounts affirmed by the Meeting.
Vestry offices - Treasurer, Funds Manager, Secretary — are thereafter confirmed by Vestry members in meeting.
We continue the practice of three-year terms for Vestry Members, with at least one year’s break before reapplying for membership.
Organisational Structure
The Vestry which meets regularly (8 - 10 times a year) or as required, is responsible for the running of the Church and the maintenance of its properties.
ST JOHN THE EVANGELIST CHURCH: GREENOCK
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Trustees’ Annual Report for the year ended 30 June 2025
Reference and Administration Information Charity Name: St John John Charity Registration Number: $C008299
St John John the Evangelist Church: Greenock
Contact Address: Union Street, Greenock, PA16 8JJ, Scotland
Trustees & Vestry
MrsM Haney cee eee WAY Representative tee ee e MPsSROrSON oo eens Treasurer tts unnomes tne putes vin in ‘MrGAmour 0 Funds Manager ‘MsSBoye PVG Cowordinator ee en MrsGMaxwel os Altermate Layee “MrJ O'Hara _ nevuunpemmpiesin sua[+] vmpurtnayunmanast a pqe vn eeenmin cnsy die pug mpuneaensigmn, co ete pote menagepe ome! Ms B Pedersen (resigned 31 March 2025) geen cpu pute pee L "Ms M O'Hara (appointed 8 December 2024) oe
Independent Examiner
Craig Lindsay Welsh Walker 179a Dalrymple Street Greenock PA15 1BX
Bankers
The Royal Bank of Scotiand ple {22 Cathcart Street Greenock PA15 1BA
Investment Managers
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Rathbones Investment Management George House 50 George Square Glasgow G2 1EH
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ST JOHN THE EVANGELIST CHURCH : GREENOCK
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Trustees’ Annual Report for the year ended 30 June 2025
Statement of Trustees’ Responsibilities
The Trustees are responsible for preparing the Trustee's Annual Report and the financial statemenis in accordance with applicable {aw and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the trustees to prepare financial statements for each financial year which show a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing those financial statements, the trustees are required to:
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e Select suitable accounting policies and then apply them consistently;
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e Observe the methods and principles in the Charity SORP; e Make judgements and estimates that are reasonable and prudent; and
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e Prepare the financial statements on the going concern basis unless it is inappropriate to presume the charity will continue in operational existence.
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« State whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statemenis.
The Trustees are responsibie for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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Approved by the Trustees and signed on their behalf, by
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Chair
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Date: 23 March 2026
ot ST JOHN THE EVANGELIST CHURCH : GREENOCK
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Independent Examiner’s Report to the Trustees of St John the Evangelist Church: Greenock
| report on the accounts of the charity for the year ended 30 June 2025 which are set out on pages 6 to 15.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1) (a) to (c} of the 2006 Accounts Regulations (as amended) does not apply. Itis my responsibility to examine the accounts as required under section 44(*1) (c) of the 2005 Act and to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records, It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
in the course of my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that in any material respect the requirements:
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® iokeep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations (as amended), and
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have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Craig Lindsay Chartered Accountant Welsh Walker Limited 179a Dalrymple Street Greenock PA15 1BX
Date: 23 March 2026
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ST JOHN THE EVANGELIST CHURCH JOHN THE EVANGELIST CHURCH THE EVANGELIST CHURCH EVANGELIST CHURCH CHURCH : GREENOCK GREENOCK
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|ST JOHN THE EVANGELIST CHURCH JOHN THE EVANGELIST CHURCH THE EVANGELIST CHURCH EVANGELIST CHURCH CHURCH|: GREENOCK GREENOCK|6|;|
|Statement|of|Financial|Activities|
|Year ended ended|30 June 2025 June 2025 2025|||
|Funds|Funds|Funds|Funds|2025|
|Note|Unrestricted|Restricted|Endowment|Designated|Total|
|£|£|£|£|£|3|
|Income|
|Income|from|donations|and|
|legacies|1|62,429|2,410|-|-|64,839|
|investment income|2|2,089|-|7,050|-|9,139|
|Other income ~ insurance|claim|13,215|-|-|-|13,215|
|Total|Income|77,733|2,410|7,050|-|87,193|;|
|Expenditure|
|Expenditure|on|charitable|
|activities|3|128,579|:|7,050|-|135,629|
|Total|Expenditure|128,579|-|7,050|“|135,629|
|Net (expenditure}/income|before|||
|gains on|investments|(50,846|}|2,410|-|-|( 48,436|)|||
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|Transfers between|funds|(|1,544|}|-|1,544|-|-|
|Realised|(loss) on|investments|(4,987|)|-|(|1,544|)|-|(|6,531|}|
|Unrealised|net gain|/|(loss)|on|:|
|investments|7|12,053|-|-|8,238|20,291|
|Net movement|in funds|(45,324|}|2,410|-|8,238|( 34,676|)|||
|Reconciliation|of funds|
|Total funds|brought forward|205,200|20,982|-|305,187|531,369|
|Total funds|carried|forward|159,876|23,392|-|313,425|496,693|
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Statement of Financial Activities Year ended ended 30 June 2025 June 2025 2025
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,
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All results relate to continuing activities.
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The notes on pages 9 te 15 form part of these accounts.
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ST JOHN THE EVANGELIST CHURCH : GREENOCK
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Statement of Financial Activities - COMPARATIVE
Year ended 30 June 2025
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|---|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Endowment|Designated|Total|
|Note|Funds|Funds|Funds|Funds|2024|
|£|£|£|£|£|
|Income|
|Income|from|donations|and|
|legacies|4|63,530|5,298|-|-|68,828|:|
|Investment|income|2|2,672|-|7,289|-|9,961|
|Other|income —|insurance|ciaim|:|-|:|-|:|
|Total|Income|66,202|5,298|7,289|-|78,789|
|Expenditure|
|Expenditure|on|charitable|
|activities|3|(97,813|)|-|(7,289|)|“|105,102|
|Total|Expenditure|(97,813|)|-|(|7,289|)|-|105,102|;|
|Net (expenditure)/income|before|:|
|gains|on|investments|(31,611|}|5,298|-|-|( 26,313|}|
|Transfers|between|funds|-|-|-|-|-|
|Realised|gain|on|investments|4,642|-|-|~|4,642|:|
|Unrealised|net gain|/|(loss)|on|
|investments|7|11,679|-|-|34,199|45,878|
|Net movement|in|funds|(|15,290|)|5,298|-|34,199|24,207|
|Reconciliation|of funds|
|Total|funds|brought forward|220,490|15,684|-|270,988|507,162|
|Total funds|carried|forward|205,200|20,982|-|305,187|531,369|
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All results relate to continuing activities.
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The notes on pages 9 to 15 form part of these accounts.
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ST JOHN THE EVANGELIST CHURCH : GREENOCK
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Balance Sheet as at 30 June 2025
| Note | 2025 | 2024 | |||||
|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | ||||
| Fixed Assets | |||||||
| Investments | 7 | 314,312 | 329,624 | ||||
| Plant, Fixtures & Fittings | 6 | 754 | 1,509 | ||||
| Property | 6 | 162,672 | 162,672 | ||||
| 477,738 | 493,805 | ||||||
| Current Assets | |||||||
| Sundry debtors | 26,926 | 12,509 | |||||
| Bankdeposits | 4,429 | 37,301 | |||||
| Cash | 2,181 | 2,011 | |||||
| 33,536 | 51,821 | ||||||
| Current Liabilities | |||||||
| Sundry creditor | (14,581 | ) | (14,257 | } | |||
| Net CurrentAssets | 18,955 | 37,564 | |||||
| 496,693 | 531,369 | ||||||
| The Funds ofthe Charity: | |||||||
| Capital Account-designated | 150,753 | 142,515 | |||||
| RevenueAccount-unrestricted | 159,876 | 205,200 | |||||
| Capital Reserve-designated | 162,672 | 162,672 | |||||
| Restricted | 23,392 | 20,982 | |||||
| TotalCharityFunds | 8,9 | 496,693 | 531,369 |
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The/daccounts wereCle” 23 March 2026 and signed on their behalf by:-
RO egee
Funds Manager
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The notes on pages 9 to 15 form part of these accounis.
ST JOHN THE EVANGELIST GHURCH : GREENOCK
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Notes to the Financial Statements For the year ended 30 June 2025
Accounting Policies
Basis of preparation
The financial statements of the charity, which is a public benefit entity under FRS 102 have been prepared in accordance with applicable accounting standards in the United Kingdom and in accordance with the charities SORP (FRS 102) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Charities and Trustee Investment (Scotland) Act 2005 and The Charities Accounts (Scotland) Regulations 2006 (as amended). The financial statements have been prepared under the historical cost convention, with the exception of investments which are accounted for at fair value.
Going Concern
The trustees have considered a period of twelve months from the date of their approval of the financial statements and, taking into account the charity's net asset position and expected future income, they consider it appropriate to prepare the financial statements on a going concern basis.
Funds
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Funds are classified as either restricted or unrestricted funds, defined as follows.
Resiricted funds are funds subject to specific requirements as to their use which may be deciared by the donor or with their authority or created through lega! processes, but still within the wider objects of the charity.
Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. The designation has an administrative purpose only and does not legally restrict the trustees’ discretion to apply the fund,
Endowment funds are all unrestricted.
Income
All donations and gifts are included within income under either unrestricted or restricted funds according to the terms under which the donation is made when the charity is entitled to the income and when the amount can be quantified with reasonable certainty. Donations and gifts in kind are brought into the accounts at their market value to the charity.
Expenditure
Expenditure is recognised on an accruals basis as the liability is incurred.
Investments and investment income
Investments are included in the batance sheet at market value. Gains/losses on investments are recognised in the period in which they arise.
Investment income is credited to the Statement of Financial Activities when receivabie.
Fixed Assets
All tangible fixed assets having a value to the charity greater than one year are capitalised.
Taxation
St John The Evangelist Church: Greenock is recognised as a charity for the purpose of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. The charity is not registered for VAT and expenditure therefore includes irrecoverable input VAT.
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ST JOHN THE EVANGELIST CHURCH : GREENOCK
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Notes to the Financial Statements
For the year ended 30 June 2025
|1,|Incomefrom donations and legacies|Unrestricted
Funds|Restricted
Funds|Endowment
Funds|Designated
Funds|Total
|
2025|
|---|---|---|---|---|---|---|
|||£|£|£|£|£
:|
||Offerings
Taxrecovered on GiftAid|40,737
7,778|.
-|.
-|.
-|40,737
7,778|
||Legacies
Donations
Other|-
-
13,914|-
2,410
-|-
-
-|-
-
-|-
2,410
13,914|
||Diocesan Grant|-|-|-|-|:|
||Incomefrom donations and legacies
-COMPARATIVE|Unrestricted
Funds|Restricted
Funds|Endowment
Funds|Designated
Funds|Total
2024|
|||£|£|£|£|£|
||Offerings
Tax recovered on GiftAid|40,733
8,670|-
-|-
-|-
-|40,733
8,670|
||Legacies
Donations
Other
Diocesan Grant|-
-
13,027
1,100|-
5,298
-
-|-
-
-
-|-
-
-
-|-
5,298
13,027
1,100|
|||Unrestricted|Restricted|Endowment|Designated|Total|
|2.|Investment income|Funds|Funds|Funds|Funds|2025|
|||£|£|£|£|£|
||Dividends|2,041|-|7,050|-|9,091|
||Bank interest|48|-|-|-|48|
||investment income - COMPARATIVE|Unrestricted
Funds|Restricted
Funds|Endowment
Funds|Designated
Funds|Total
2024|
|||£|£|£|£|£|
||Dividends|2,635|-|7,289|-|9,924|
||Bank interest|37|-|-|-|37|
|||———2872,LD||||8|
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ST JOHN THE EVANGELIST CHURCH : GREENOCK
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|ST JOHN THE EVANGELIST CHURCHJOHN THE EVANGELIST CHURCHTHE EVANGELIST CHURCHEVANGELIST CHURCHCHURCH : GREENOCKGREENOCK||||||14|||
|Notesto|totheFinancial Statements||||||:|
|Fortheyearended 30June2025|||||||||
|3.|Analysis of expenditure|Unrestricted
Funds|Restricted
Funds|Endowment
Funds|Designated
Funds|Total
2025|||
|||£|£|£|£|£||
||Charitable activities|||||||
||Provincial & Diocesan Quota|9,737|-|-|-|9,737||
||Clergy Costs|35,716|~|7,050|-|42,766||
||Property Expenses (Church)|33,072|-|-|-|33,072||
||Properly Expenses (Rectory)|34,921|-|-|-|34,921||
||Church Expenses|10,470|“|-|-|10,470||
||Admin Expenses|2,618|-|-|-|2,618||
||Donations
Depreciation|-
755|-
“|-
:|-
-|:
755|;|
|||127,289|-|7,050|-|134,339||
||Governance costs|||||||
||Independent examiner's fee|1,290|-|-|-|1,290||
||Total|128,579|-|7,050|:|135,629|-|
||Supportcosts have notbeenseparately definedastheTrusteesconsiderthere isonlyonecharitable||||activity. Therefore|supportcosts||
||relate whollyto that activity and have not been separately identified.|||||||
||Analysis ofexpenditure -|Unrestricted|Restricted|Endowment|Designated|Total||
||COMPARATIVE|Funds|Funds|Funds|Funds|2024||
|||£|£|£|£|£|.|
||Charitable activities||||||;|
||Provincial & Diocesan Quota|8,928|-|-|-|8,928||
||Clergy Costs|34,840|:|7,289|-|42,129|:|
||Property Expenses (Church)|28,557|-|-|-|28,557||
||Property Expenses (Rectory)|8,716|-|-|-|8,716||
||Church Expenses|8,251|-|-|-|8,251||
||Admin Expenses|3,127|-|-|-|3,127|:|
||Donations
Depreciation|-
4,344|-
-|-
-|-
-|-
4.344||
|||96,763|-|7,289|-|104052||
||Governance costs||||||:|
||Independent examiner'sfee|1,050|-|-|-|1,050||
||Total|97,813|-|7,289|-|105,102||
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Notes to the Financial Statements For the year ended 30 June 2025
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ST JOHN THE EVANGELIST CHURCH : GREENOCK
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Notes to the Financial Statements For the year ended 30 June 2025
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|---|---|---|---|
|4.|Clergy Cost|2025|2024|
|£|£|
|Stipend and pension|42,766|42,129|
|42,766|42,129|
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5. Trustee remuneration
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During the year the charity paid £nil (2024 - Enil) of expenses to a Trustee.
The charity paid £42,766 (2024 - £42,129) of stipend and pension costs to a Trustee for her role as Pastor.
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The Trustee in her role as Pastor also had use of the rectory for which the charity paid related cost of £4,859 (2024 - £5,475).
6. Tangible Fixed Assets Assets
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|---|---|---|---|---|---|---|---|
|Tangible|Fixed Assets Assets|Heritable|:|
|Property|
|Plant|Rectory,|
|Fixtures &|96|Finnart|St|
|Fittings|Greenock|
|£|£|:|
|Cost|at|4|July|2024|50,901|162,672|
|Additions|-|-|
|Cost|at 30|June|2025|i001|182,672|
|Aggregate|Depreciation|at|1|July|2024|49,392|-|
|Charge|for Year|755|-|
|Cumulative|Depreciation|at 30 June|2025|50,147|"|:|
|Net Book|Value|at 30|June 2025|754|162,672|
|Net Book|Value|at|30|June 2024|1,509|162,672|
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Note:
Office Equipment is depreciated over its useful life at 33.33% per annum ona straight line basis.
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Heritable Property is not depreciated on the basis that the Vestry undertakes to maintain the property in good repair on an ongoing basis.
cs ST JOHN THE EVANGELIST CHURCH : GREENOCK
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Notes to the Financial Statements
For the year ended 30 June 2025
| 7. | Investments | 2025 | 2024 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| £ | £ | |||||||||
| Marketvalue | ||||||||||
| As at 1 July2024 | 329,624 | 325,241 | ||||||||
| Additions | 42,307 | - | . | |||||||
| Disposals | (77,910 | ) | (41,495 | ) | ||||||
| Unrealised gains/(losses) | 20,291 | 45,878 | ||||||||
| As at30June 2025 | 314,312 | 329,624 | ||||||||
| Costofinvestments as at30June2025 | 445,943 | 156,440 | . | |||||||
| Investments held are a portfolio ofequity related investments. | ||||||||||
| Investments totalling more than 5% ofthe portfolio | value are as follows: | |||||||||
| £ | % | |||||||||
| 5,700 Temple Bar |
18,183 | 6% | ||||||||
| 1,392 Witon Investment Trust |
17,010 | 5.5% | : | |||||||
| 7,300 JP Morgan Global Growth and Income |
39,931 | 13% | ||||||||
| 4,000 F&C Investment Trust |
44,320 | 14% | ||||||||
| 35,000 Bankers Investment Trust |
42,210 | 13.5% | ||||||||
| 3,600 Alliance Trust |
43,992 | 14% | ||||||||
| 6,698 Investment Fund Services |
17,535 | 6% | ||||||||
| 8,400 Baillie Clifford UKGrowth Fund |
16,674 | 5% | ||||||||
| 6,250 Mercantile Investment Trust |
16,000 | 5% | ||||||||
| 8. | Analysis ofNetAssets between funds | Total | ||||||||
| Unrestricted | Designated | Restricted | 2025 | |||||||
| £ | £ | £ | £ | |||||||
| Fixed assets | 754 | 162,672 | - | 163,426 | ||||||
| Investments | 163,559 | 150,753 | - | 314,312 | ||||||
| Current assets | 10,144 | - | 23,392 | 33,536 | ||||||
| Current liabilities | (14,581_ | ) | - | - | (14,581) | |||||
| Netassets at30June2025 | 159,876 | 313,425 | 23,392 | 496,693 | ||||||
| Analysis ofNetAssets between funds - | ||||||||||
| COMPARATIVE | Total | |||||||||
| Unrestricted | Designated | Restricted | 2024 | |||||||
| £ | £ | £ | £ | |||||||
| . | ||||||||||
| Fixed assets | 1,509 | 162,672 | - | 164,184 | ||||||
| Investments | 187,109 | 142,515 | - | 329,624 | ||||||
| Current assets | 30,839 | - | 20,982 | 51,821 | ||||||
| Current liabilities | (14,257) | - | - | (14,257 | ) | |||||
| Netassetsat30June2024 | 205,200 | 305,187 | 20,982 | 531,369 |
8. Analysis of Net Assets between funds
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ST JOHN THE EVANGELIST CHURCH : GREENOCK
14
2
Notes to the Financial Statements
For the year ended 30 June 2025
- Movement in funds
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|At|1|Net gains|At 30|
|July|on|June|
|2024|Income|Expenditure|investments|Transfers|2025|:|
|£|£|£|£|£|£|.|
|Endowment Funds|-|7,050|(7,050|}|(1,544|}|4,544|-|
|-|7,050|(7,050.|)|(1,544|}|4,544|-|
|Restricted|funds|
|Choir Robing|513|-|-|-|-|513|
|Organ|1,299|-|-|-|-|1,299|
|Service Books|1,725|-|-|-|-|1,725|
|General|Collections|20,98217,445|2,4102,410|-.|-:|-:|23,39219,855|||
|Unrestricted|funds|
|General|205,200|77,733|(|128,579|)|7,066|(1,544|}|159,876|
|Designated|305,187|-|-|8,238|-|313,425|
|510,387|77,733|(|128,579|)|15,304|(1,544|)|473,304|.|
|Total funds|531,369|87,193|(|135,629|}|13,760|-|496,693|
|Movement|in|funds|-|
|COMPARATIVE|
|At|Net|gains|At|30|
|July|on|June|
|2023|Income|Expenditure|investments|Transfers|2024|
|£|£|£|£|£|£|
|Endowment|Funds|-|7,289|(7,289)|-|-|-|
|:|7,289|(7,289.|)|—|
|Restricted|funds|
|Choir|Robing|513|-|-|-|"|513|
|Organ|4,299|-|-|-|-|1,299|
|Service|Books|1,725|-|-|-|-|1,725|
|General|Collections|42,147|5,298|-|-|"|17,445|
|15,684|5,298|-|-|"|20,982|
|Unrestricted|funds|
|General|220,490|66,202|(97,813|)|16,321|-|205,200|
|Designated|270,988|:|-|34,199|"|305,187|
|491,478|66,202|(97,813|}|50,520|.|510,387|:|
|;|
|Total funds|507,162|78,789|(105,102|_}|50,520|531,369|
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ST JOHN THE EVANGELIST CHURCH : GREENOCK
15 |
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Notes to the Financial Statements
For the year ended 30 June 2025
9. Movement in funds (Continued)
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Purposes of endowment funds
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Income from the St John’s endowment fund is used for the general objectives of the Church.
Purpose of restricted funds
The Madge Lawson Choir Robing Fund is for the acquisition of robes.
The Organ Fund is for capital improvements to the organ.
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The Service Books Fund is for the acquisition of service books.
The General Collections are gathered each year for charitable organisations selected by Vestry.
Purpose of Designated Funds
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Capital Account and Capital Reserve are both designated for the maintenance of the property.
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10. Related party transactions
The only related party transactions are Trustees remuneration which is detailed in note 5.